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Dec 10, 2013
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that was completely tax driven. we reverse ad deferred tax asset last year. our pretax income is actually up 150%. and the market has recognized that. that is just a headline you're talking about. it is no reflection on our business. we're actually way up over 2012. david: bob schiller, the smart nobel prize-winning economist who focuses so much on real estate has expressed worries. he is not convinced this is happening but expressed some concern whether there is another bubble in the real estate market but also the stock market. but in real estate specifically, have you seen any signs of that at all? i mean you're able to track who your buyers are, what their interests are. you mentioned people, second, third, fourth homebuyers. but do you see any bubble at all in the market? >> no. remember when the bubble hit this country was building two million new homes a year. every blackjack dealer in las vegas was buying three houses. mortgage underwriting was way too easy. today we're at 900,000 new homes per year. we're way below the historic average of 1.5 million
that was completely tax driven. we reverse ad deferred tax asset last year. our pretax income is actually up 150%. and the market has recognized that. that is just a headline you're talking about. it is no reflection on our business. we're actually way up over 2012. david: bob schiller, the smart nobel prize-winning economist who focuses so much on real estate has expressed worries. he is not convinced this is happening but expressed some concern whether there is another bubble in the real...
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Dec 2, 2013
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republicans do not want to raise any taxes. democrats say we're not going to do what you want if you're not going to do what we want. where do you find common ground in the circumstance? there's not a lot. a lot of people are predicting they'll make very small changes around the margins, that's what i suspect will happen. >> when you say the narrative that way, it does tilt it a little bit. proposed social security cuts in his own budget, something that tour'e's point, elizabeth warren is actively campaigning against. i wouldn't say they were on the 50 yard line. they were looking at social safety net requirements and that's wasn't enough for republicans to go anywhere in revenue. >> that's entirely fair. when you look at the republicans you're looking at the political party that is now -- its base is elderly people more than anything else. on the one hand ideologually want to curtail social security and medicare and political base that says don't take our social security and medicare away. they are in the position of saying, d
republicans do not want to raise any taxes. democrats say we're not going to do what you want if you're not going to do what we want. where do you find common ground in the circumstance? there's not a lot. a lot of people are predicting they'll make very small changes around the margins, that's what i suspect will happen. >> when you say the narrative that way, it does tilt it a little bit. proposed social security cuts in his own budget, something that tour'e's point, elizabeth warren is...
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Dec 8, 2013
12/13
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[laughter] we are going to have to raise taxes. we are going to have to raise taxes. now in your proposal -- the book looks at this in some detail. just if people the sense how you think this should be done and made politically power double. >> first you have to recognize that where the taxes are headed without doing anything and what percentage of gdp are we headed to on that basis and that is above the historical tax levels of gdp. a seconsecond i think you have o recognize as to what would end up happening if we didn't end up making reforms sooner or later how high the taxes might have to go in order to stop. in the book we talk about how they would have to double between 2030 to 2040. double. the other thing is you have to recognize political reality. in my view the longer we wait to try to repost the budgetary controls we form the insurance contract and prioritize the constrained spending. the higher the taxes are going to go for three reasons. one, the miracle of compounding. number two, demographics. more people are going to be in n franchise than the existing
[laughter] we are going to have to raise taxes. we are going to have to raise taxes. now in your proposal -- the book looks at this in some detail. just if people the sense how you think this should be done and made politically power double. >> first you have to recognize that where the taxes are headed without doing anything and what percentage of gdp are we headed to on that basis and that is above the historical tax levels of gdp. a seconsecond i think you have o recognize as to what...
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Dec 3, 2013
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which urges that by wednesday they have the requirement to collect sales taxes even though the sellers are not located in those states. >>> and meanwhile, amazon.com and founder revealed in a 60 minutes interview revealed the biggest retailer is working on a drone delivery service that he says could be up and running in five years. more on the jetson's like idea, and the hurdles it faces. amon, could this plan ever really get off the ground? >> i see what you did there, tyler, look, these things will not fly an inch if the faa doesn't say they can do it. and right now, there is just not the regulatory infrastructure in place to allow a swarm of drones flying over residential and commercial areas of the united states. it is just not possible. but congress has told them to get ready for it and to have the regulations in place by 2015. a lot of experts say the faa will not likely hit the deadline, it will take time to work this all out. among all the things the faa has to think about are how all the drones flying over the areas in the united states would interact with regular aviation and
which urges that by wednesday they have the requirement to collect sales taxes even though the sellers are not located in those states. >>> and meanwhile, amazon.com and founder revealed in a 60 minutes interview revealed the biggest retailer is working on a drone delivery service that he says could be up and running in five years. more on the jetson's like idea, and the hurdles it faces. amon, could this plan ever really get off the ground? >> i see what you did there, tyler,...
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but what i'm worried about is more money from medicaid doubling the gas tax because we need more money, it's sort of the same theme. just throw more money at them. without accounting for the money we have already committed. and we keep doing it. >> we keep doing it because specialists special interest groups benefit. medicare and medicaid benefit and it's basically a way of artificially increasing demand and increasing the third-party payer which will lead to a lot more utilization of health care services in ways that there is no cost effectiveness order intelligent allocation of resources. and you're going to overprice your products because you know that consumers don't care and in this case american taxpayers. they are paying the bill. it's a cause some of what is going on with government in the health care sector generally. but as i said, i'm trying to be optimistic and this might be the example that people need with genuine medicaid reform, do what was then the ryan budget. let's block this program back to the state. at least as new york state wants to waste money, only they will p
but what i'm worried about is more money from medicaid doubling the gas tax because we need more money, it's sort of the same theme. just throw more money at them. without accounting for the money we have already committed. and we keep doing it. >> we keep doing it because specialists special interest groups benefit. medicare and medicaid benefit and it's basically a way of artificially increasing demand and increasing the third-party payer which will lead to a lot more utilization of...
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Dec 6, 2013
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it seems like rahm emanuel is going to have issues regarding property taxes and raising property taxes, because they have a pretty big gaping deficit hole. do you have any advice or any issues that you think we can learn from on how you negotiate on a state level with respect to rahm emanuel on a city level? >> i think it is important to negotiate, to sit down with everyone, and we did. ultima ultimately, you put together a solution, and sometimes folks don't agree, but it has to be done for the common good, the everyday taxpayer, the person that gets up, raising kids, we want to make sure they come first. >> i tell you what. i recently governored the governors estate, my daughter had big shows, and always like in the haunted mansion, where the pictures are hung, the paint's a different color. we've had so many governors from otto to ryan to blagojevich, where they're taking these and leaving the mark. governor, i'm sure your picture will stand for a long time. >> all right. thank you. >> let's get to dominic chu. >> look at barnes & noble, because there's reports now that the s.e.c. i
it seems like rahm emanuel is going to have issues regarding property taxes and raising property taxes, because they have a pretty big gaping deficit hole. do you have any advice or any issues that you think we can learn from on how you negotiate on a state level with respect to rahm emanuel on a city level? >> i think it is important to negotiate, to sit down with everyone, and we did. ultima ultimately, you put together a solution, and sometimes folks don't agree, but it has to be done...
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Dec 9, 2013
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it wouldn't close any tax loopholes. those things have proven too partisan for these budget negotiators to tackle. yesterday, in the nfl, the kicker for the denver broncos made a 64-yard field goal. record for the nfl. this is more like a 6-yard field goal. they haven't kicked it yet. i do think they will before congress goes home. it is a minimum achievement for people to cheer about. >> john, it is interesting when you talk about some of the little sticking points here. one is the benefits for the long-term unemployed. that is making up a record percentage of the people in this country who are unemployed. do you get the sense that congress is looking at the jobs report and saying, hey, maybe we shouldn't move the needle on that right now? >> i think that is difficult in part, because when you look at the size of this deal, we are only talking about $90 billion over two years of lifting the sequester caps and replacing them. it is more of a reshuffle. the unemployment extension would cost $25 billion. that is a very lar
it wouldn't close any tax loopholes. those things have proven too partisan for these budget negotiators to tackle. yesterday, in the nfl, the kicker for the denver broncos made a 64-yard field goal. record for the nfl. this is more like a 6-yard field goal. they haven't kicked it yet. i do think they will before congress goes home. it is a minimum achievement for people to cheer about. >> john, it is interesting when you talk about some of the little sticking points here. one is the...
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to taxes are ok pay whatever you think makes sense but any current government tax demands are ludicrous because they support a military that's out of control and does nothing good for anybody ok well we're out of time john mcdonogh time the time to go ok well i have to go get some of those intergalactic currency units because i'm heading to andromeda galaxy later makes sense to the second half a lot more. please. tell me. the. pledge it was a compliment very hard to take out a plan to get along here disciplined life has never had sex with the perfect their lives let's play. lists. lists lists lists lists lists lists lists lists play. live. what defines a country's success. faceless figures of economic growth. or a factual standard of living. welcome back to the kaiser report imax keyser time now to turn to dr kristen la hosts c f o of the university of. cyprus crystal's welcome to the kaiser report thank you very much it's an honor to be in the true alright fantastic now your university is the first in the world to accept bitcoin. what tell us about. actually the us because he's a son i
to taxes are ok pay whatever you think makes sense but any current government tax demands are ludicrous because they support a military that's out of control and does nothing good for anybody ok well we're out of time john mcdonogh time the time to go ok well i have to go get some of those intergalactic currency units because i'm heading to andromeda galaxy later makes sense to the second half a lot more. please. tell me. the. pledge it was a compliment very hard to take out a plan to get along...
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to taxes are ok pay whatever you think makes sense but any current government tax demands are ludicrous because they support a military that's out of control and does nothing good for anybody ok well we're out of time john mcdonogh time and time to go ok i have to go get some of those intergalactic currency units because i'm heading to andromeda galaxy later it makes sense to do the second a whole lot more. only. live . cross talk rules in effect that means you can jump in anytime you want. what defines a country's success. faceless figures of economic growth. for a factual standard of living. we speak your language. news programs and documentaries in spanish what matters to you breaking news a little turn it into angles stories. for you here to. ensure the spanish. visit. welcome back to the kaiser report imax keyser time out of turn to dr kristen la hosts c f o of the university of. cyprus crystal's welcome to the kaiser report thank you very much it's an honor to be in the troop all right fantastic now your university is the first in the world to accept big coin. what tell us about.
to taxes are ok pay whatever you think makes sense but any current government tax demands are ludicrous because they support a military that's out of control and does nothing good for anybody ok well we're out of time john mcdonogh time and time to go ok i have to go get some of those intergalactic currency units because i'm heading to andromeda galaxy later it makes sense to do the second a whole lot more. only. live . cross talk rules in effect that means you can jump in anytime you want....
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Dec 4, 2013
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rate might end up with more revenues that raising taxes? >> for the country as a whole, right. we can learn as a country they'll go to other countries if they don't -- >> we should talk about tax. >> all right. gord gordon, thank you. say hi to johnny. >>> when we come back, we have the numbers out at 8:15 eastern time from the jobs data. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] this december, experience the gift of unsurpassed
rate might end up with more revenues that raising taxes? >> for the country as a whole, right. we can learn as a country they'll go to other countries if they don't -- >> we should talk about tax. >> all right. gord gordon, thank you. say hi to johnny. >>> when we come back, we have the numbers out at 8:15 eastern time from the jobs data. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp...
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to your taxes or ok pay whatever you think makes sense but any current government tax demands are ludicrous because i support a military that's out of control and does nothing good for anybody ok well we're out of time john mcdonogh time to time to go ok well i have to go get some more there is intergalactic currency units because i'm heading to andromeda galaxy later make sense of the second to a lot more. right . first for you and i think you're. on our reporters. in. the in the. i was thinking somehow i had to come back because mom was waiting for me. i just knew that everything would be fine for some reason we were so confident because we were going to get married officially after he came back how could he not come back because the mere thought of it never crossed her mind. when the militants decided to try and break through her new guinea airport screening. they splosion blow them all round his back the rule was a little and it was all over all of us. we know that our call moran's on our commander won't leave us no matter how tough it gets we're team. getting was a senior in his milita
to your taxes or ok pay whatever you think makes sense but any current government tax demands are ludicrous because i support a military that's out of control and does nothing good for anybody ok well we're out of time john mcdonogh time to time to go ok well i have to go get some more there is intergalactic currency units because i'm heading to andromeda galaxy later make sense of the second to a lot more. right . first for you and i think you're. on our reporters. in. the in the. i was...
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Dec 4, 2013
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let me start with a low-hanging fruit, tax benefits. the hope scholarship tax credit used to limit $120,000 in family income. that is the 80th percentile nationally. the obama administration which i worked 10 extended the higher education tax benefits for -- markedly and i think that is then a laudable accomplishment but it also increased the income level at which people can get an american opportunity tax credit formerly hope all the way up to $80,000 away from the 80th percentile to the 95th percentile. why are we providing tax benefits and that some $7 billion a year to folks in the top income quintile. why is it that mitt romney -- i have three, 529's but why can mitt romney get tax benefits attached to it when he is students need of pell grants? closer to an attack site but i think there are others in the committee's jurisdiction. >> that is an interesting concept and we may follow up with you. the other is financial incentives to borrowers that have ffel loans to get them to convert their debt to a direct loan on that basis. have
let me start with a low-hanging fruit, tax benefits. the hope scholarship tax credit used to limit $120,000 in family income. that is the 80th percentile nationally. the obama administration which i worked 10 extended the higher education tax benefits for -- markedly and i think that is then a laudable accomplishment but it also increased the income level at which people can get an american opportunity tax credit formerly hope all the way up to $80,000 away from the 80th percentile to the 95th...
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ceased to exist if the euro does go belly up the german authorities could potentially still collect tax if everyone started using bitcoin that's a good example of german forward thinking well the germans appreciate the engineering behind but the germans appreciate that the i.m.f. is bankrupt and that if the euro were ever to encounter some existential crisis the i.m.f. is not going to bail out the euro but bitcoin could potentially bail out the euro and they talk about bitcoin being able to extinguish debt this is generally the terms used by the austrian school of economics that talk about gold as the only debt extinguisher that is worthy of the name and now we have bitcoin so the only thing we don't have is the majority of the austrian economic school adopting or accepting bitcoin for what it is and we are but they will they will fall like dominoes one by one they will all come over to the side of the debate and the citi group also this past week while the world's media was paying attention to the china story citi group also said that reserve managers may be starting to look at bitcoin
ceased to exist if the euro does go belly up the german authorities could potentially still collect tax if everyone started using bitcoin that's a good example of german forward thinking well the germans appreciate the engineering behind but the germans appreciate that the i.m.f. is bankrupt and that if the euro were ever to encounter some existential crisis the i.m.f. is not going to bail out the euro but bitcoin could potentially bail out the euro and they talk about bitcoin being able to...
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finally on the other end of the spectrum you talk the state taxes state taxes that system is one of the main ways the government has redistributed income over time. that whole system has been decimated over the past 10 years or so. we see the government allow wealthy individuals to send more and more of their income to their children and grandchildren. > > and very quickly before and you take off, how critical is it to have a college degree in the current environment? > > education is essential every single thing that we look at shows us that the higher education level that you attain, the higher your income the better your health care and the better your able to have control over your financial future. education is everything. you can't emphasize it enough. > > great to have the on the show. thank you, chris. thank you. coming up... the surprisingly savvy way some "traders" get deals on airlines tickets- and why one money manager is beefing up his portfolio with shares of mcdonald's. that's after this in the know message see these hands? they gripped the wheel of a humvee in afghanista
finally on the other end of the spectrum you talk the state taxes state taxes that system is one of the main ways the government has redistributed income over time. that whole system has been decimated over the past 10 years or so. we see the government allow wealthy individuals to send more and more of their income to their children and grandchildren. > > and very quickly before and you take off, how critical is it to have a college degree in the current environment? > > education...
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Dec 9, 2013
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and you want to take taxes and keep them as low as possible and math has to work. so the truth is if we can come back to this, the far right and the far left are delusionary. they would also get the lowest grade in math. they are delusionary and they would flunk math. [laughter] >> let's not come back to that, but let's stay with that. >> okay. [laughter] >> i do sense that there is a kind of political disconnect here. the politicians understand the need to express concern about the long-term budget. you hear about this as you grapple with the program. the national prosperity is at stake and that has to mean at the end of the day, either lower public spending or higher taxes and do we have a sense that they will chavez? >> there is no party with fiscal responsibility and there is no other party with fiscal responsibility. secondly, sadistically valid research that we conduct and others conduct show that the number two issue that americans have is escalating the deficits and debt with economy and jobs ahead of health care and climate change and other issues and way
and you want to take taxes and keep them as low as possible and math has to work. so the truth is if we can come back to this, the far right and the far left are delusionary. they would also get the lowest grade in math. they are delusionary and they would flunk math. [laughter] >> let's not come back to that, but let's stay with that. >> okay. [laughter] >> i do sense that there is a kind of political disconnect here. the politicians understand the need to express concern...
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by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made the simple question of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that you know what these are the people that stole the money let's put the money back to the people that got victimized by financial terrorists in iceland and that's how they're dealing with the problem but and they in britain though they still they still basically lionize financial terrorism osborne and cameron pray on their little maps every day to financial jihadi and they pray to to go wherever they pray to the market fundamentalist god that these financial jihad is continue to destroy the economy or as i slammed apparently the leadership there does in fact have a brain well here in the u.k. they'v
by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made the simple question of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that...
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Dec 3, 2013
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it's all about how much tax you pay when you shop online. christine romans explains how this will affect your money. >> wolf, on the biggest online shopping day of the year, no less, the supreme court punting on the most important issue in retail right now. and that means millions of people may now have to pay state tax on their online purchases. now, states have been putting pressure on internet retailers to collect sales tax and amazon.com and overstock.com fought this effort with different results in different courts. it's a patchwork now of rulings and laws. now that the supreme court has decided not to the weigh in, states are likely to pursue the estimated $23 billion in uncollected sales taxes from web retailers. an increasing number of tats like new york have passed laws forcing internet-based retailers to collect taxes. amazon and overstock complained saying they don't have physical presence in that state. most retail analysts say the court is essentially ending a 20-year tradition of no sales tax on internet purchases. >> christine
it's all about how much tax you pay when you shop online. christine romans explains how this will affect your money. >> wolf, on the biggest online shopping day of the year, no less, the supreme court punting on the most important issue in retail right now. and that means millions of people may now have to pay state tax on their online purchases. now, states have been putting pressure on internet retailers to collect sales tax and amazon.com and overstock.com fought this effort with...
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p on the final days of the fiscal year. >> total for the year the department spent 450,000 dollars, tax payer dollars or alcohol. where they trying to spend the money in the budget to prevent congressional cuts in the future? >> the state department, i had an opportunity to travel to many of them, there's a lot of entertaining that goes on a lot of ir responsibility. >> you are missing the point. the whole point is how can you ever cut spending if the entire ethic of government is to spend your allocation before the time runs out. >> is the government's booze budget careless spending or the cost of doing business? send us a note on foxfriendsfirst@foxnews.com. >> be have hinterested to hear people have to say. it is 18 after the top of the hour. extreme measures after one of the worst's animal attacks in the state's history. >> they are putting up all of the beautiful christmas lights in one city. now local lawmakers are playing scrooge. >> a florida woman recovering in it the hospital the morning after what is being called the most serious bear attack in the state's history. she was wa
p on the final days of the fiscal year. >> total for the year the department spent 450,000 dollars, tax payer dollars or alcohol. where they trying to spend the money in the budget to prevent congressional cuts in the future? >> the state department, i had an opportunity to travel to many of them, there's a lot of entertaining that goes on a lot of ir responsibility. >> you are missing the point. the whole point is how can you ever cut spending if the entire ethic of...
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Dec 6, 2013
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tax. you want to be sure. you've got to talk with your accountant about these. the stock had a not great quarter and it's been knocked down. and the master limited partnerships have all been coming down. but i believe in rich kinder. rich kinder is not dick heckman. dick heckmann had a terrific company around, this one's not it. rich kinder made a lot of people a lot of money. i'm not going to abandon that company. but i do honestly right now like linn energy more. higher rates don't have to be the end of the world, conn's might be a microcosm. wouldn't you like to have a stock that goes up gigantically? or would you say i don't want that gain because rates are going higher? stay with cramer. >>> coming up -- nice view? hilton's more than $2 billion ipo is about to hit the street. are there better accommodations for your cash, or should you try and book a room in this newly minted stock? >>> you know that this has been a downright incredible year for initial public offerings. >> buy, buy,
tax. you want to be sure. you've got to talk with your accountant about these. the stock had a not great quarter and it's been knocked down. and the master limited partnerships have all been coming down. but i believe in rich kinder. rich kinder is not dick heckman. dick heckmann had a terrific company around, this one's not it. rich kinder made a lot of people a lot of money. i'm not going to abandon that company. but i do honestly right now like linn energy more. higher rates don't have to be...
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of people are focused on taxes. they have had a good year and they want to harvest any tax losses. fortunately we haven't had a lot of those. they are very focused on tax planning and what to do going forward. our view has been we still like the market. but we still might present some of our exposure and hedge fund and other asset classes. >> what you make of the vulgar rule?- of the volcker >> our clients are not talking about it. i think this is a wall street phenomenon and the news media 20 carry it. probably, if history is our guide, they will over regulate and make some adjustments over time. but i think the concept of the full parole is good for the markets. >> you think -- of the volcker role promotes the markets. -- is good for the markets. >> you think it promotes stability? >> i think it makes it more stable and we have to make sure the banks and big financial institutions do not trade against clients. it is one thing to provide liquidity and another thing to trade against clients. perhaps before the regul
of people are focused on taxes. they have had a good year and they want to harvest any tax losses. fortunately we haven't had a lot of those. they are very focused on tax planning and what to do going forward. our view has been we still like the market. but we still might present some of our exposure and hedge fund and other asset classes. >> what you make of the vulgar rule?- of the volcker >> our clients are not talking about it. i think this is a wall street phenomenon and the...
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sales tax, property tax? >> sales tax and property tax. what happens is -- >> there's no income tax. >> yeah, no income tax. we're in a position working hard to compete. no income tax, right to work state. low-business tax and more businesses don't pay it every year. companies like hertz are moving down there because they can solve their customer needs because they don't pay taxes. if they're in new york or connecticut, they'd have to pay. >> okay. so how will you replace the $2 billion? >> sales taxes. >> will they have to go up? >> no, i'm cutting taxes -- i've cut taxes every year. i've been governor three years, cut taxes basically 24 times. it's property taxes, business taxes, sales tax. we have all budget surplus, i walked in with a budget deficit, i now have a $1.2 billion surplus. we're making our economy the opportunity economy where, you know, if you want to build a business, you can -- and you want to get a job, you come to florida. >> your unemployment rate has dropped quicker than any other state, i know that. and you're now -
sales tax, property tax? >> sales tax and property tax. what happens is -- >> there's no income tax. >> yeah, no income tax. we're in a position working hard to compete. no income tax, right to work state. low-business tax and more businesses don't pay it every year. companies like hertz are moving down there because they can solve their customer needs because they don't pay taxes. if they're in new york or connecticut, they'd have to pay. >> okay. so how will you...
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dealing with tax filing. bureaucrats will have easy access to sensitive personal data which obama administration political moles can use to target, harass and sometimes destroy critics and simply occupy millions hours of citizens time could be used more productively. what do you think about the way professor morici sees it there? >> i think he makes a lot of fair points. the administration always claimed was the only problem was the glitched website, once it is fixed everyone would be happy. americans in 36 states relying on healthcare.gov, they haven't been able to go on there themselves and see how much are their rates going up? are they going to keep their doctor? millions and millions of americans who haven't been able to see that will find out this month and a lot will not like what they see. there is one study, more than half of people on the individual insurance market right now will not qualify for any subsidies whatsoever. factor in people whose subsidies will not make up for increase in cost, a majo
dealing with tax filing. bureaucrats will have easy access to sensitive personal data which obama administration political moles can use to target, harass and sometimes destroy critics and simply occupy millions hours of citizens time could be used more productively. what do you think about the way professor morici sees it there? >> i think he makes a lot of fair points. the administration always claimed was the only problem was the glitched website, once it is fixed everyone would be...
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this is some way you don't have to buy sales tax. that i think is going to be going away. >> that's great for the shopper. that stinks for macy's, the brick and mortar company. >> sure. >> and those with -- the loser here are consumers. the losers up until now have been the bricks and mortar stores. >> and the supreme court never has to comment. >> they're the supreme court. >> christine and i were talking about this issue. and i think what we're doing is forcing congress to act. it's the purview of congress. and what they're saying is, look, we have a judicial job to do which is to determine constitutionality. but you guys in congress, if you want you've formality among states, that's up for you to decide. and new york state, of course, we have the online tax and that was challenged. it was upheld by the court of appeals. in illinois, however, they attempted to model a law right after new york concerning online retailers and it was struck down. that's why there was some hope whenever there's a sorts of a patch work of different stat
this is some way you don't have to buy sales tax. that i think is going to be going away. >> that's great for the shopper. that stinks for macy's, the brick and mortar company. >> sure. >> and those with -- the loser here are consumers. the losers up until now have been the bricks and mortar stores. >> and the supreme court never has to comment. >> they're the supreme court. >> christine and i were talking about this issue. and i think what we're doing is...
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a dozen legislators are not going to take the raise because they just increased taxes on californians. >> still to come the spy technology that an online retailer wants to use. >> new details of what is in store few the google barge putting the whole project in choppy water. >> fit and trim tummy pictures of a new mom parting outrage. >> and downtown san francisco is gorgeous blue skies, a few bits of cloud. we will check with leyla gulen here for mike with the ♪ shopping for gifts online. ♪ the perfect way to get into the spirit any time. ♪ ♪ hello target.com. ♪ that's my kind of holiday. uncle go one,two,one,two,one [uncle]thistwo,one.cotch,okay? [niece]okay! [uncle]okay? [niece]one,two three,four,five,six,seven,eight! [uncle laughing] okay,we go the other way,okay? [niece]one,two,three,four,five, six,seven! [uncle laughs]there's ten spaces,you want to try again? [uncle]yeah? ♪ pose! yeah! ♪ flash! yeah! ♪ get the family to strike a pose, ♪ ♪ and show off your brand new clothes! ♪ ♪ that's my kind of holiday. >>> amazon is looking to the skies for a new way t
a dozen legislators are not going to take the raise because they just increased taxes on californians. >> still to come the spy technology that an online retailer wants to use. >> new details of what is in store few the google barge putting the whole project in choppy water. >> fit and trim tummy pictures of a new mom parting outrage. >> and downtown san francisco is gorgeous blue skies, a few bits of cloud. we will check with leyla gulen here for mike with the ♪...
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by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made the simple question of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that you know what these are the people that stole the money let's put the money back to the people that got victimized by financial terrorists in iceland and that's how they're dealing with the problem but in the in britain though they still they still basically lionize financial terrorism osborne and cameron prey on their little maps every day to financial jihadi and they prayed to go wherever they prayed to the market fundamentalist god that these financial jihad these continue to destroy the economy or as i slammed apparently the leadership there does in fact have a brain well here in the u.k. they
by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made the simple question of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that...
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Dec 5, 2013
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we don't need redistribution tax hikes, we don't need state run health care, more spending, lower the incentive barriers and bring us growth. here's another big problem for president obama, the millennials are abandoning him and obama care in droves. a new poll shows plunging
we don't need redistribution tax hikes, we don't need state run health care, more spending, lower the incentive barriers and bring us growth. here's another big problem for president obama, the millennials are abandoning him and obama care in droves. a new poll shows plunging
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Dec 10, 2013
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enterprise value, the market cap plus the debt, minus the cash, divided by the earnings before interest, taxes, depreciation, amortization of 9.8. credit suisse gives it a $25 price target. the stock still has plenty of room to run, if that's how you want to value it. meanwhile, it's trading at 19 times next year's earnings, which is well below the five and ten-year averages and not too pricey considering it should be able to grow earnings at a 40% clip next year. the bears at goldman think it's time to sell masco and swap into some nonresidential construction plays as that space starts to turn. i think they're wrong. i think they're wrong to write off masco and i agree with the bulls at credit suisse, believing this stock could have more room to run. i say stick with masco and stick with cramer. lou in oregon, lou? >> caller: boo-yah, skedaddy. >> i'm not booing, i'm louing. >> caller: hey, about six months ago, you recommended and i bought two stocks, american realty capital properties and also health care reit. i'm wondering, should i by more? >> i would. look, these are all about -- this g
enterprise value, the market cap plus the debt, minus the cash, divided by the earnings before interest, taxes, depreciation, amortization of 9.8. credit suisse gives it a $25 price target. the stock still has plenty of room to run, if that's how you want to value it. meanwhile, it's trading at 19 times next year's earnings, which is well below the five and ten-year averages and not too pricey considering it should be able to grow earnings at a 40% clip next year. the bears at goldman think...
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Dec 10, 2013
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you can get back to work your effective tax rate is so high as those benefits fade out or go away it's a disincentive and a trap to climb out of poverty. you need to work how to make the programs work better so it's more of a slope getting out. obama care, unemployed on medicaid, you go back to work you lose your health insurance. >> if you look at the statistics about federal assistance programs, people getting unemployment, long-term unemployed are three times more likely -- looking for work three times harder than average recipients of unemployment benefits because of provisions that make it difficult to be on federal assistance programs without looking for work or being a lazy welfare queen. >> you have people faced with the choice of being out of work, medicaid, low wage job without health insurance, it's a very challenging situation for people. you need to come up with a way to structure these programs so they support people in need and continue to support them as they are low wage workers so they can climb out of poverty. >> as a farm bill, everybody knows, deals with it knows t
you can get back to work your effective tax rate is so high as those benefits fade out or go away it's a disincentive and a trap to climb out of poverty. you need to work how to make the programs work better so it's more of a slope getting out. obama care, unemployed on medicaid, you go back to work you lose your health insurance. >> if you look at the statistics about federal assistance programs, people getting unemployment, long-term unemployed are three times more likely -- looking for...
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Dec 4, 2013
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it seems to me that he has the authority to amend the taxes which the affordable healthcare tax is according to the supreme court what is to prevent him from just amending the any tax to his liking. mr. turley weigh in on this if you would. >> i have to agree first of all oon the remark about article on, as i said before it is true that they are all equal branches, but the framers spent most of their time on congress because it is something harder than the madisonian system. it's where the magic happens and that is to take those interests that the strike countries and turned them into a majoritarian compromise. when we get to the issue of taxes, that is one of the most divisive issues facing the country. so when someone comes before the congress and says i want my group to be excluded, it obviously produces a great deal of heat. some people say how about my group, how long should this apply? it is the most divisive issue raised in congress and that is why it was given to the congress so that type of issue would be subject to the transformative process of the legislation. >> so do you belief
it seems to me that he has the authority to amend the taxes which the affordable healthcare tax is according to the supreme court what is to prevent him from just amending the any tax to his liking. mr. turley weigh in on this if you would. >> i have to agree first of all oon the remark about article on, as i said before it is true that they are all equal branches, but the framers spent most of their time on congress because it is something harder than the madisonian system. it's where...
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by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made a simple equation of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that you know what these are the people that stole the money let's put the money back to the people that got victimized by financial terrorists in iceland and that's how they're dealing with the problem but are they in britain though they still they still basically lionize financial terrorism osborne and cameron prey on their little maps every day to financial jihadi and they pray to whoever they pray to the market fundamentalists god that these financial jihad these continue to destroy the economy whereas i slammed apparently the leadership there does in fact have a brain well here in the u.k. they've k
by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made a simple equation of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that you...
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Dec 9, 2013
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swee not have another government shutdown, that we keep the spending caps in place, we don't raise taxes at a time when the economy is still weak. >> they have to agree on a defense spending bill and the farm bill which includes cuts to food stamp benefits. the timeline is get this done, just got shorter as some are traveling to nelson mandela's funeral this weekend. >> just when you thought the coined shopping days were behind us turns out today is green monday. that term was coined by silicon valley based ebay back in 2007, after the company saw a big increase in online shopping the second week of december which is where we are now. last year online shoppers spent more than a billion dollars on green monday and they could break that this year. analysts predict another round of discounts raging from 30% to 50%. this morning several bay area based tech giants like apple, google and facebook call on president obama and congress to overhaul surveillance laws. we turn to mary thompson live at cnbc world headquarters. good morning. >> good morning to you. we're taking a look at the futures,
swee not have another government shutdown, that we keep the spending caps in place, we don't raise taxes at a time when the economy is still weak. >> they have to agree on a defense spending bill and the farm bill which includes cuts to food stamp benefits. the timeline is get this done, just got shorter as some are traveling to nelson mandela's funeral this weekend. >> just when you thought the coined shopping days were behind us turns out today is green monday. that term was...
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>> that is basically an outright lie, no tax money goes towards paying abortions. essentially they have this exact legislation that the state legislature approved last year. however, governor rick snyder vetoed it because it saddles women unnecessarily with extra costs. what woman ever ands the victim of a crime or potentially being raped? what they want to do in order to avoid having the governor sign the bill, they had to get 3% of michigan's population to sign a petition saying that they believe in this legislation. what's next, they have 40 days to get the legislature to pass it. and because the legislature has voted and passed this legislation it's likely they'll do it again. >> the assertion from -- let me play in her own words, genevieve martin. let's play what she said regarding tax dollars here. >> the impetus behind this is that we believe abortion is not health care and that tax dollars should not be going to subsidize abortion. this is not about the legality of abortion or access to abortion. it really is about who pays for it. >> federal law prohibits
>> that is basically an outright lie, no tax money goes towards paying abortions. essentially they have this exact legislation that the state legislature approved last year. however, governor rick snyder vetoed it because it saddles women unnecessarily with extra costs. what woman ever ands the victim of a crime or potentially being raped? what they want to do in order to avoid having the governor sign the bill, they had to get 3% of michigan's population to sign a petition saying that...
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no surprise, again, that they are not touching any of the big issues of tax increases or entitlement reforms, but it is good to see they are making a good-faith effort to come together, even though we have the two sides, republicans and democrats have come together to reach a broader outline for a deal, it is still going to take some convincing. some are not happy about having to pay higher premiums for their pensions, so it is something that both sides are still going to have to do a lot of donencing, that we are not and are not closed yet. >> thank you. we will continue to follow this washington. i went to get to some breaking news, and this from the -- i want to get to some breaking news. developing wearable technology, according to two people familiar with this. conn will provide office space and services to at least 20 companies. they are trying to diversify some revenue stream as things threaten to do rail their traditional business. to -- i, i went to go want to go to someone who helped to break this story. first of all, tell us what you know about the actual fund. >> good mor
no surprise, again, that they are not touching any of the big issues of tax increases or entitlement reforms, but it is good to see they are making a good-faith effort to come together, even though we have the two sides, republicans and democrats have come together to reach a broader outline for a deal, it is still going to take some convincing. some are not happy about having to pay higher premiums for their pensions, so it is something that both sides are still going to have to do a lot of...
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the tax was challenged by amazon and overstock, the tax stays in place at the state level. to the big board, where are we this monday morning? we were going to go up and wrong, down 31 points as of now. as for the price of gold this monday morning, we're down there, too, off $16 an ounce, back to 1234. according to the national retail federation, on-line sales accounted for 44% of total black friday retail sales and shoppers avoided the parking lots and long lines and according to our next guest, the disastrous state of the sales. and two people got it wrong, bricks and mortar. number one is gap, what did they do wrong? >> gap is looking like a winner, old your horses, this is a company cut that numbers to make an earnings. and yes, you have to make basically the stores messy, large piles of clothes, banana republic, gap, old navy, instant markdowns. stuart: the stock is up 2 1/2% despite what you're saying about the state of the stores. >> nobody people were talking about the stores were in disarray and didn't have enough employees and you're supposed to put your best foot
the tax was challenged by amazon and overstock, the tax stays in place at the state level. to the big board, where are we this monday morning? we were going to go up and wrong, down 31 points as of now. as for the price of gold this monday morning, we're down there, too, off $16 an ounce, back to 1234. according to the national retail federation, on-line sales accounted for 44% of total black friday retail sales and shoppers avoided the parking lots and long lines and according to our next...
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talking about amazon, no taxes, the irs has not ruled on taxes crept, and that's an interesting point because barter and exchange is still something people like to do. melissa: for the record, we're very suspicious of that story. scott mrtin, thank you so much. >> see ya. melissa: $4,000 for a bottle of whiskey. people are paying for the good stuff, and this man is making a fortune. you can never have too much "money." we'll be right back. ♪ ♪ every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. so ieserve a small business credit card with amazing rewards. with the spark cascard from capit one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewa
talking about amazon, no taxes, the irs has not ruled on taxes crept, and that's an interesting point because barter and exchange is still something people like to do. melissa: for the record, we're very suspicious of that story. scott mrtin, thank you so much. >> see ya. melissa: $4,000 for a bottle of whiskey. people are paying for the good stuff, and this man is making a fortune. you can never have too much "money." we'll be right back. ♪ ♪ every day we're working to be...
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policies can be put in place, growth policies, tax cuts, corporate taxes being cut to get that growth going so everybody has an equal shot at prosperity. martha: let's take a look at some of these numbers. just verbally -- 1 per when asked what's the most important issue to you? 1% of the 18-29-year-olds thought that was important. jobs, unemployment rate, 7.3%. we note labor participation rate is historically low and continues to be so. americans on disability up three times since 1983. we throw more money at education, doug, than we have ever in the history of this country and we have seen what's happening to our test scores. i think the president is getting at the middle class. improving the state of the middle class. but i don't know raising the minimum wage and increasing early childhood education is the ticket. >> i think those are good things to do. i'm a democrat. but the issue is what monica came to at the end of her brief presentation. the answer is growing an economy to give everyone a chance to get ahead. the american people are angry there is no real chance to work hard,
policies can be put in place, growth policies, tax cuts, corporate taxes being cut to get that growth going so everybody has an equal shot at prosperity. martha: let's take a look at some of these numbers. just verbally -- 1 per when asked what's the most important issue to you? 1% of the 18-29-year-olds thought that was important. jobs, unemployment rate, 7.3%. we note labor participation rate is historically low and continues to be so. americans on disability up three times since 1983. we...
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Dec 9, 2013
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the federal government is more taxes and more regulation. we will have the other states. >> we will sell 16 million automobiles. we have 950,000 housing starts. >> next year is going to be the year that it is not that eeoc siting and it's time to be more of an opera player. find the stocks that have a great story, something behind them and allocate your money there. the beta is challenging there. it's hard to move up a lot. they are highly complimentary. we are keeping all the airplanes and all the people. supply should be on change. >> guy? >> talked about this last week. you overlay a honey well chart and you will see the outperformances there. although it has had a meteoric rise, i think that honeywell is interesting. >> i'm long ge. i think they have major exposure. the entire u.s. economy is on trend. to say that we're just trying to get over the trauma here and some of the data is already there. >> will the snow and ice keep shoppers at home or will they bare the elements. dan, always good to see you. what have you seen so far? we have
the federal government is more taxes and more regulation. we will have the other states. >> we will sell 16 million automobiles. we have 950,000 housing starts. >> next year is going to be the year that it is not that eeoc siting and it's time to be more of an opera player. find the stocks that have a great story, something behind them and allocate your money there. the beta is challenging there. it's hard to move up a lot. they are highly complimentary. we are keeping all the...
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Dec 8, 2013
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millions paid out $650 million, the prize split three ways, each winner took home 300 million after taxes, not to complain about that. one prize was actually never claimed. a single winner in tuesday's drawing would take home $184 million in cash. >>> coming up next, we continued to track the severe weather all around the country where snow and ice are causing problems for drivers and property owners. we'll be right back. i minut . >>> the winter blast we're feeling here in the bay area is also being felt across this country, oregon is digging out from heavy snow, and in texas, temperatures during the week gave way to freezing temperatures and closing schools, cancelling more than a thousand flights. today's marathon in memphis, tennessee was also cancelled. road crews across much of the country are bracing for a very busy weekend. it is a mess out there. and here in california, check out the time lapse video showing the snow that built up overnight. they reported seeing 18 inches of snow by this morning. meteorologist anthony slaughter is keeping track of all of this. it is cold out ther
millions paid out $650 million, the prize split three ways, each winner took home 300 million after taxes, not to complain about that. one prize was actually never claimed. a single winner in tuesday's drawing would take home $184 million in cash. >>> coming up next, we continued to track the severe weather all around the country where snow and ice are causing problems for drivers and property owners. we'll be right back. i minut . >>> the winter blast we're feeling here in...
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Dec 10, 2013
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taxes and health care. it made no difference. >> if you do -- i know you don't -- but you know that obama care's at 57%. >> forget it. >> if that was the issue, it was just obama care, you wouldn't have gotten 51%. but what elected -- what spawned the tea party, what spawned that 2010 route was the way the democrats passed obama care where you took 20% of the economy without a single republican vote. you even lost ted kennedy's seat in the process as it was happening, had to do reconciliation. it was ugly, that's why we're sitting here in this poisonous atmosphere. and look what we're dealing with with obama care. do you think you should have done it that way? >> but the fact of the matter is, we were also in the deepest recession anyone here has experienced. >> can i ask one question? >> which leads to anger and fear and reaction against all of those that they felt responsible had to put them in that trick bag. >> we are up against a hard break with the commercial. but, leader, would you stay for the next
taxes and health care. it made no difference. >> if you do -- i know you don't -- but you know that obama care's at 57%. >> forget it. >> if that was the issue, it was just obama care, you wouldn't have gotten 51%. but what elected -- what spawned the tea party, what spawned that 2010 route was the way the democrats passed obama care where you took 20% of the economy without a single republican vote. you even lost ted kennedy's seat in the process as it was happening, had to...
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frankly, we need comprehensive tax legislation. and if we got that, i think it would make us all more competitive. certainly help our business, i'm sure. but those two or three things, i think, are our headwinds right now. >> immigration reform, is that something important to you as well? >> very important. it is very important to us. we do bring in people. we need talented people. we need skilled workers regardless of where they come from. so getting some sort of immigration reform is important to us. >> frank freetdman, great to see you. thank you for joining us. >> appreciate it. >> my pleasure. >> thank you very much. >> we have about 40 minutes left to go before the closing bell. the dow now up about 174 points. 18 points or so on the s&p. it is sitting below the 1805 level that would put us back in the black for the week. >> while shoppers are hunting for holiday gifts, some retailers are shopping for a present that could last a whole year and a lot longer. a new ceo. we have that story coming up. >>> and one retailer not loo
frankly, we need comprehensive tax legislation. and if we got that, i think it would make us all more competitive. certainly help our business, i'm sure. but those two or three things, i think, are our headwinds right now. >> immigration reform, is that something important to you as well? >> very important. it is very important to us. we do bring in people. we need talented people. we need skilled workers regardless of where they come from. so getting some sort of immigration reform...
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they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an already-strained budget in new york. >> that's right. new york already has when you combine city and state taxes one of the highest tax burdens in the country. it devastated new york state. look at up state. again to think new york city's impervious to these kind of demand, look what happened in the 1960s and '70s they literally drove the city to bankruptcy. so why start on that path again? david: let's talk a little bit about the rhetoric of income disparity. we heard the president talking about it. there is bigger gap between the richest and po
they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an...
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to set some spending so we can have regular order, to change some of the sequester , and no big, new taxes. no big changes in entitlements. --s that just sound like does that gist semi-something the president can work with? >> you need to see the specifics. the democrats are pretty unified in terms of the things that are most important. one of the most important things , which will be a framing concept of what you accept, we of the at this stage economic recovery, we are recovering. we are getting there. we want to have this agreement be a part of what can further support economic growth and job creation. sequester, replace which are cuts to discretionary , replace that with longer-term issues. we maintain deficit reduction in , but for right now, what we need now is a little more that. that is one of the most important parameters. >> one of your most important priorities is -- >> replacement of the sequester. cuts across the board. the sequester was a tool that was put in lace -- it was a threat. -- put in place. it was a threat. we are in a situation where both republicans and democrats
to set some spending so we can have regular order, to change some of the sequester , and no big, new taxes. no big changes in entitlements. --s that just sound like does that gist semi-something the president can work with? >> you need to see the specifics. the democrats are pretty unified in terms of the things that are most important. one of the most important things , which will be a framing concept of what you accept, we of the at this stage economic recovery, we are recovering. we...
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it was probably the last cyber monday without sales tax for millions. states want tax revenue. online retailers want tax-free shopping. brick and mortar shops want online retailers to have the same taxes. uncollected sales tax, so the states want to find ways to get that tax revenue from web retailers. the sproem court decided not to get involved in appeals from amazon and overstock.com. the court let stand a ruling from a new york court requiring that internet retailers collect sale taxes even if they have no physical present in the state. this effectively ends, carol, ends tax-free shopping online for people and gets other states thinking about how they can bring in more taxes, too, carol. >> christine, thanks. >>> seattle seahawks fan base has done it again! loud, right? fans set another guinness world record against the saints. all that yelling and stomping actually registered as an earthquake in the one to two magnitude range according to a professor from the university of washington. that is insane! >>> something else insane. you know that old saying in sports if you ain'
it was probably the last cyber monday without sales tax for millions. states want tax revenue. online retailers want tax-free shopping. brick and mortar shops want online retailers to have the same taxes. uncollected sales tax, so the states want to find ways to get that tax revenue from web retailers. the sproem court decided not to get involved in appeals from amazon and overstock.com. the court let stand a ruling from a new york court requiring that internet retailers collect sale taxes even...